Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. We have outlined some of the best ways to find new markets and increase your market share. Click the link below to find out how. 

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Focus On Existing Customers

Target your best customers with offers

Identify the customers who generate the most profit for your business or who have the most potential for additional sales. Actively engage with these customers to gain more sales. Find out how you can utilise the 80/20 rule in business.

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At Salt Financial Group our integrated financial services are able to create a detailed and personalised plan to help you achieve Financial Freedom. This plan can help you to understand how you are positioned to meet your retirement and pre-retirement goals. We can use this to recommend appropriate strategies for building wealth and reducing tax. One or more of these key 6 options may be appropriate for you:

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Is a Self-Managed Super Fund (SMSF) right for you? Already have a SMSF but want to make it work harder for you?

Over 900,000 Australians run their own SMSF. But the news media is in a frenzy at the moment about SMSF’s and property investments.

We understand that SMSF’s don’t suit everyone, so it’s important you get the right information to decide for yourself.

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Company directors who have yet to apply for their Director ID have been urged to do so now by the ATO, before the due date November 30, 2022.

The mandatory Director IDs were introduced to prevent the use of false or fraudulent director identities, increase director accountability, and eliminate director involvement in unlawful activity.

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The largest transfer of intergenerational wealth among Australians is going to take place in the coming 2 decades. Unfortunately for some families, not discussing this early enough can have a negative outcome.

It is estimated that $3.5 trillion of assets will be transferred by parents and grandparents over the next two decades. Often this is left until a family member is facing a significant health event and the discussions are intertwined with the emotion of seeing family member in ill health.

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The rise in popularity of cryptocurrency has led to more and more Australians looking at these markets as an investment opportunity. While cryptocurrency is a decentralised exchange (meaning that the transactions are peer-to-peer), there is a common misconception that this means that government bodies do not have access to the same information. Increasingly, as we review more and more client records provided by the ATO, we are seeing the following statement “Your client held or disposed of cryptocurrency that may have resulted in a capital gains event”. The ATO has outlined its thoughts on investing in cryptocurrency below and have raised some key areas that taxpayers should be aware of. If you have queries about what tax implications might impact you from cryptocurrency investment, please reach out to Salt Financial Accountants.

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The recent floods in Australia have caused widespread damage and devastation to communities. This past week has seen the increased rainfall and flooding move south to Victoria. The Victorian State Government has announced a flood relief package to support Victorian Businesses impacted by the October floods. Businesses directly impacted by the Victorian floods that commenced in October 2022 can access a one-off grant of $5000 to cover immediate expenses. For additional eligibility requirements please read this article and as always, if you have any queries regarding this grant or assistance in applying, please reach out to the team at Salt.

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